Greg Case, Aon

Aon’s broking division made an operating profit of $802m (£608m) in the first half of 2016, up 16% on the £691m it made in the same period last year.

Revenue at the division, Risk Solutions, was flat at $3.7bn, but the profit was boosted by a 4% cut in operating expenses to $2.9bn from $3bn.

Risk Solutions produced organic commissions and fees growth in the half of 3%.

As a group, Aon made a profit before tax of $736m in the first half of 2016, up 16% on the $635m it made in the same period last year.

Total revenue fell 2% to $5.6bn (H1 2015: $5.7bn).

Aon chief executive Greg Case (pictured) praised the “positive performance” and said that he also expected good results in the second half of the year.

Case said: “Although we expect continued volatility in the macroeconomic environment, we anticipate improved organic growth and operational performance in the second half of 2016.

 “Our industry-leading platform and innovative investments across data and analytics continue to position the firm for long-term growth, increased operating leverage and significant free cash flow generation towards our near-term goal of $2.4 billion for the full year 2017.”